The company is building out its venues for DAS and carrier offload, hooks up military and multifamily buildings to increase its footprint. While that growth is going well, it requires significant CapEx and the inherent profitability remains to be seen. Cash flow and debt have made investors somewhat uncomfortable. Leverage can come when they sign […]
Entries Tagged as 'WIFI'
September 20th, 2019 · Comments Off on Boingo Wireless: Still In An Expensive Land Grab Phase
August 17th, 2018 · Comments Off on Boingo Wireless Has To Digest A Smart Acquisition
Boingo acquired Elauwit to shoot it into additional verticals beyond the military – a sensible move. Carrier offloading is the main driver of company results, and the importance of this will only increase. So we understand the investor optimism, but profitability and cash flow remain problems, and the shares need to digest substantial recent gains. […]